- Interactive Brokers has launched Bitcoin trading in Hong Kong.
- Cryptocurrency commissions are a low 0.20% to 0.30% of trade value.
- Residents in Hong Kong with at least HK$8 million can now trade Bitcoin.
Interactive Brokers (IB), an automated global electronic broker, recently started letting people trade Bitcoin (BTC) in Hong Kong, according to a report that Bitcoin Magazine just posted on their Twitter account.
OSL Digital Securities, which offers competitive commission rates of 0.20% to 0.30% of trade value and a minimum of USD 2.25 per order with no spreads or markups added to the price of the cryptocurrencies, makes trading cryptocurrencies through Interactive Brokers Hong Kong possible.
When these services go live, it will be a big step forward for Hong Kong’s regulated digital asset market. Investors are getting more interested in digital assets, and our partnership could have a big impact on the digital asset market in Hong Kong.
Residents of Hong Kong can now use Interactive Brokers to buy and sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Residents in Hong Kong with at least HK$8 million in investable assets or institutions with at least HK$40 million in investable assets can now trade cryptocurrencies on the Interactive Brokers platform alongside other asset classes.
“As investor demand for digital assets develops in Hong Kong and throughout the world, we are happy to supply cryptocurrencies to suit the trading needs of our clients in this critical market,” said David Friedland, Head of APAC at Interactive Brokers. Customers who qualify can take advantage of our low fees and the ease of trading cryptocurrencies and a wide range of global items on a single, streamlined platform.
